IREDA rallies after board OKs raising borrowing limit to Rs 29,200 crore

The company will raise funds through taxable bonds/ sub-ordinated Tier-II Bonds/perpetual debt instruments (PDI) /term loan from Banks and FI's /Lines of credit from international agencies (multilateral and bilateral agencies) /external commercial borrowings (ECB)/short term loans & working capital demand loan (WCDL) from Bank.

IREDA is a wholly-owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on December 2024, GoI held 75% stake in IREDA.

IREDA's standalone net profit jumped 27% to Rs 425 crore on 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24.